Media Release
Consolidated Revenue from Operations up by 32% to Rs 340.41 crore for the nine months ended December 31, 2017
Consolidated Earnings per shares (non-annualized) at Rs 118.93 per equity share for the nine months ended December 31, 2017
ü Equity Cash Segment average daily turnover increased by 57% to Rs 4,781 crore for Q3FY18 from Rs 3,042 crore in Q3FY17.
ü Currency Derivative Segment average daily turnover increased by 38% to Rs 17,399 crore for Q3FY18 from Rs 12,588 crore in Q3FY17.
ü Monthly orders processed in Mutual Fund Segment increased by 163% to 14.7 lakh Q3FY18 from 5.6 lakh in Q3FY17.
MUMBAI, February 2, 2018 : BSE Ltd. (BSE), Asia’s oldest and World’s fastest exchange with a speed of 6 microseconds, announced its unaudited consolidated financial results for the third quarter and nine months ended December 31, 2017. The Board of Directors of the BSE at its meeting held on February 2, 2018 have recommended a payment of interim dividend of Rs 5 per equity share of face value Rs 2 each.
Financial Highlights at a Glance:
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Particulars
|
Q3 FY18 (Rs crores)
|
Q3 FY17 (Rs crores)
|
YoY Growth
|
9M FY18 (Rs crores)
|
9M FY17 (Rs crores)
|
YoY Growth
|
|
Revenue from Operations
|
125.70
|
86.40
|
↑ 45%
|
340.41
|
258.82
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↑ 32%
|
|
EBITDA
|
80.74
|
55.21
|
↑ 46%
|
236.75
|
190.97
|
↑ 24%
|
|
Net Profit from continuing operations
|
58.67
|
43.36
|
↑ 35%
|
175.23
|
129.36
|
↑ 35%
|
|
Net Profit from total operations
|
58.67
|
52.77
|
↑ 11%
|
649.20
|
160.46
|
↑ 305%
|
Financial Highlights for Period Ended on December 31, 2017
Ø Nine months ended on December 31, 2017
· Revenue from Operations for the nine months year ended December 31, 2017 increased by 32% to Rs 340.41 crore from Rs 258.82 crore for the nine months ended on December 31, 2016
· EBITDA for the nine months ended December 31, 2017 increased by 24% to Rs 236.75 crore from Rs 190.97 crore in the nine months ended on December 31, 2016
· Net Profit from continuing operation for the nine months ended December 31, 2017 increased by 35% to Rs 175.23 crore from Rs 129.36 crore in the nine months ended on December 31, 2016
· Net Profit for the nine months ended December 31, 2017 increased by 305% to Rs 649.20 crore from Rs 160.46 crore in the nine months ended on December 31, 2016
· Excluding the profit on sale of part-stake in subsidiary, the Net Profit for the nine months ended December 31, 2017 increased by 17% to Rs 187.45 crore from Rs 160.46 crore in the nine months ended on December 31, 2016
· Earnings per share (non-annualized) from Continuing Operations for the nine months ended on December 31, 2017 at Rs 32.10 per equity share.
· Earnings per share (non-annualized) from Total Operations for the nine months ended on December 31, 2017 at Rs 118.93 per equity share.
Ø Quarter ended on December 31, 2017
· Revenue from Operations for the quarter ended December 31, 2017 increased by 45% to Rs 125.70 crore from Rs 86.40 crore for the quarter ended on December 31, 2016 and increased by 13% from Rs 111.53 crore for the quarter ended on September 30, 2017.
· EBITDA for the quarter ended on December 31, 2017 increased by 46% to Rs 80.74 crore from Rs 55.21 crore in the quarter ended on December 31, 2016 and decreased by 4% from Rs 84.40 crore for the quarter ended September 30, 2017 on account of decrease in investment income, excluding same EBITDA is increased by 18% from quarter ended September 30, 2017.
· Net Profit from continuing operation for the quarter ended on December 31, 2017 increased by 35% to Rs 58.67 crore from Rs 43.36 crore in the quarter ended on December 31, 2016 and decreased by 12% from Rs 66.83 crore for the quarter ended September 30, 2017 on account of decrease in investment income, excluding same Net Profit from continuing operation is increased by 12% from quarter ended September 30, 2017.
· Net Profit for the quarter ended on December 31, 2017 increased by 11% to Rs 58.67 crore from Rs 52.77 crore in the quarter ended on December 31, 2016 and decreased by 12% from Rs 66.83 crore for the quarter ended September 30, 2017 on account of decrease in investment income, excluding same Net Profit is increased by 12% from quarter ended September 30, 2017.
· Earnings per share (non-annualized) from Continuing Operations and Total Opeations for the quarter ended on December 31, 2017 at Rs 10.75 per equity share.
Business Highlights for Period Ended December 31, 2017
· Equity Cash Segment average daily turnover increased by 57% to Rs 4,781 crore for the quarter ended December 31, 2017 from Rs 3,042 crore for the quarter ended December 31, 2016
· Currency Derivative Segment average daily turnover increased by 38% to Rs 17,399 crore for the quarter ended December 31, 2017 from Rs 12,588 crore for the quarter ended December 31, 2016
· Monthly orders processed in Mutual Fund Segment increased by 163% to 14.7 lakh for the quarter ended December 31, 2017 from 5.6 lakh for the quarter ended December 31, 2016
· Average daily turnover in India International Exchange (IFSC) Ltd., BSE’s wholly owned subsidiary at GIFT City, Gandhinagar, for January 2018 was USD 255 million.
Commenting on financial performance during the nine months of the current financial year, Shri Ashishkumar Chauhan, MD & CEO, said: “The performance in nine months of current financial year is confirmation of constant, sustained and inclusive growth of investors, members and participants. It will endeavor to provide members and investors world class technology. BSE is focused on enhancement of existing and introduction of new investment products.”
About BSE
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder base that includes the leading global exchange- Deutsche Bourse, as a strategic partner. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing.
BSE also has a dedicated platform for trading in equities of small and medium enterprises (SMEs) that has been highly successful. BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE’s systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments.
Indian Clearing Corporation Limited, a wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on the BSE trading platform and provides full novation, guaranteeing the settlement of all bonafide trades executed. BSE Institute Ltd, another fully owned subsidiary of BSE runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), associate company of BSE, is one of the two Depositories in India.
Media Contact
Yatin Padia
022 2272 8516
yatin.padia@bseindia.com